There is hope in selling in this market! You need to find a local expert to view your home and all of the homes that have sold in recent months to determine if now is the right time to sell and buy something new for you. Sometimes it is better to sell at a lower price to get in on a great deal now and have more equity in the new home.

I have posted the latest Castle Rock and The Meadows Market Reports (April 09) for single family residences (condos are not included) here on our Trulia blog in case you want to see what the numbers look like. Link should be below. (May market reports are done around 15-20th of May). ~ Rita

Jilltoo,

There is always hope! The market here in Castle Rock is different than the national reports you may hear about on the news. Contact a local expert who knows Castle Rock and the area you own in. Have them give you the numbers and options available to you in your specific situation.

David Elson
Metro Brokers
Castle Rock CO
303.745.5555 http://www.davidelson.com

Hi Jilltoo,

It depends on what price range you are in. In the lower price ranges, the market is moving pretty well. However, once you get above FHA loan limits ( $417k ), things become more difficult.

A quick way to check is too see what homes are currently actively listed for in your area, and then ask a Realtor what homes have sold for in your area.

You can use the link below to view actively listed homes and if you want me to run some sold comparables I would be happy to do so as well.

thanks
Stuart

Maybe, maybe not. There are many houses for sale Castle Rock right now, i.e. a lot of competition. Where your house falls into this mix depends on where it is (both neighborhood and location i.e. does it back to open space etc.) what price range it is, how quickly would you have to sell (would you have to sell in order to get this other house?) what the condition of your home is, how many other homes are for sale in your neighborhood, what prices have the other homes sold recently in your neighborhood etc. Feel free to check out market reports that we do for Castle Rock (link should appear below), if your neighborhood is not listed let us know and we can put one together within a couple of hours (we can post it here on our Trulia Blog). Now the market reports are more general and the numbers to your neighborhood may be a bit different but it will give you an idea. Also just a thought - would you consider renting if the numbers don't work out? One of our sellers decided to do just that (in the Meadows) and renters are moving in shortly.
All the best ~ Rita

Jilltoo,

Is this castle rock colorado or castle rock wyoming?

Hi Jilltoo,
My wife and I are Realtor's that do quite a bit of business in Castle Rock and have owned several homes there as well. We would be happy to view your current property and give you an honest opinion of what it should sell for in today's market.

Hope to talk to you soon,

Todd and Stacey Schuster
Metro Brokers
303-472-6608
todd@schusterproperties.com

Jilltoo,

Call a real estate professional in your area and ask them what they think they can sell your home for. They can pull the comparables and see what other homes close by are selling for. This should give you a better idea of how much you will get. You can also order an appraisal to get a more accurate idea of what your home is worth so that that when you try and sell it, you're not being unrealistic.

Here is another way to look at this though....
If you sell your current home for less than what you bought it for, that's the downside. The upside is that you would be buying another home that you like much better at a far better deal. Yes, you might lose your downpayment and maybe a little more but you're also buying a home you like better at a cheaper price.

Good luck!